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FirstEnergy 1Q profit drops 58 percent

May 5, 2009 10:09 am | by The Associated Press | News | Comments

AKRON, Ohio (AP) — FirstEnergy Corp. on Tuesday reported a 58 percent decline in first-quarter profits and cited heavy regulatory charges.Akron, Ohio-based FirstEnergy said it earned $115 million, or 39 cents per share, on revenue of $3.33 billion during the quarter that ended March 31, down from...

Four And One-Half Day Training Course

May 5, 2009 10:03 am | News | Comments

Eaton Corporation announces the creation of a new, four and a half-day training course entitled “Wind Turbine Fundamental Hydraulics” intended for sales and maintenance personnel requiring a solid understanding of hydraulics systems used in wind turbine operation.  

Next Generation Design Competition

May 5, 2009 9:56 am | News | Comments

On May 18th, the architecture and design community will gather in New York to celebrate this year's winner of the prestigious Metropolis Next Generation Design Competition at a ceremony hosted by Herman Miller, Inc.

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SC AG threatens Craigslist with prosecution

May 5, 2009 9:54 am | by MEG KINNARD - Associated Press Writer - Associated Press | News | Comments

COLUMBIA, S.C. (AP) — South Carolina's top prosecutor on Tuesday called on the chief executive of popular online site Craigslist to take down ads related to prostitution and pornography or face prosecution himself."Many of the classified and communication services on the Craigslist site provide the...

Closed NJ bank was cited for 'unsafe' practices

May 5, 2009 9:44 am | by ELI SEGALL - Associated Press Writer - Associated Press | News | Comments

TRENTON, N.J. (AP) — A small bank in northern New Jersey has been shut down by state banking regulators, and an industry advocate says he cannot rule out future failures.Citizens Community Bank was shuttered Friday night. Banking regulators had ordered the Bergen County bank to stop a range of...

“Virtual Touch” Scenarios Using SensAble’s Haptics

May 5, 2009 9:38 am | News | Comments

SensAble Technologies announces that its customer GMV, based in Madrid, Spain, is showcasing an expanded set of touch-enabled features in a major new version of its insightArthroVR arthroscopic knee and shoulder surgery simulator at this week’s Arthroscopy Association of North America (AANA) annual meeting in San Diego.     

Southwest labor contract includes pay raises

May 5, 2009 9:23 am | by DAVID KOENIG - AP Airlines Writer - Associated Press | News | Comments

DALLAS (AP) — Southwest Airlines Co. said Tuesday it reached a tentative agreement to give pay raises to about 5,300 customer-service employees.Southwest didn't say how big the pay raises would be. It said the four-year deal also includes benefit increases in exchange for giving the company more...

D.R. Horton: Smaller is better in some markets

May 5, 2009 9:23 am | by The Associated Press | News | Comments

AP () — — D.R. Horton's chief executive says smaller, more affordable homes are selling well in some areas and will bring higher profits to the nation's largest home builder.CEO Donald Tomnitz said the smaller homes were particularly popular in Seattle and Portland, Ore. Smaller homes are cheaper...

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Japan Secrets Unveiled

May 5, 2009 9:19 am | by Jay Alabaster, Associated Press Writer | News | Comments

When Google Earth added historical maps of Japan to its online collection last year, the search giant didn't expect a backlash. The finely detailed woodblock prints have been around for centuries, they were already posted on another Web site, and a historical map of Tokyo put up in 2006 hadn't caused any problems. 

Earnings Preview: Sara Lee Corp.

May 5, 2009 9:18 am | by EMILY FREDRIX - AP Food Industry Writer - Associated Press | News | Comments

MILWAUKEE (AP) — Sara Lee Corp. reports earnings for its fiscal third quarter on Thursday before the market opens. The following is a summary of key developments and analyst opinion related to the period.OVERVIEW: The maker of Jimmy Dean sausages, Hillshire Farm deli meats and Sara Lee breads has...

Prosecutors allege bribery at German truck maker

May 5, 2009 9:13 am | by The Associated Press | News | Comments

BERLIN (AP) — Munich prosecutors opened a corruption and bribery investigation against MAN AG on Tuesday and searched the truck maker's offices across Germany.Lead prosecutor Manfred Noetzel said the company is suspected of paying millions in bribes in exchange for deals to sell and lease its...

Headwaters 1Q loss down sharply on charge

May 5, 2009 9:13 am | by The Associated Press | News | Comments

SOUTH JORDAN, Utah (AP) — Energy and building products company Headwaters Inc. said Tuesday that its net loss grew substantially during the first quarter due to a goodwill-impairment charge, but predicted better-than-expected profit for the year.Headwaters reported a net loss of $406.3 million, or...

Live Nation selling 3 Boston venues

May 5, 2009 9:08 am | by The Associated Press | News | Comments

BOSTON (AP) — Concert promoter Live Nation Inc. is selling three Boston venues for $22.5 million to pay down some of its debt.The Los Angeles-based company said Tuesday it will sell the Boston Opera House, the Orpheum Theatre and the Paradise Rock Club by the third quarter.A Live Nation spokesman...

Philip Morris looks to new products for growth

May 5, 2009 9:03 am | by MICHAEL FELBERBAUM - AP Business Writer - Associated Press | News | Comments

RICHMOND, Va. (AP) — At its first shareholder meeting since the spinoff from Altria Group Inc., Philip Morris International Inc. said new products in its key brands like Marlboro will help grow cigarette sales overseas, its core market.Chief Executive Louis C. Camilleri told investors at the annual...

American Airlines reduces flights to Mexico

May 5, 2009 9:03 am | by The Associated Press | News | Comments

DALLAS (AP) — American Airlines said Tuesday it will reduce the number of flights to Mexico by about one-fourth, joining most other major U.S. carriers in reacting to falling demand amid public worry over the swine flu.American and its regional affiliate, American Eagle, will cut daily round trips...

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